Since it was founded in 2004, Facebook has grown dramatically. Founder and CEO, Mark Zuckerberg, is now the world’s fifth richest person. He shared his journey on Instagram.
Following its 2004 launch by Mark Zuckerberg, Facebook has become 20 years old. During that time, it has grown to become the most popular and well-respected social networking site. Zuckerberg also posted some glimpses of his early Facebook days on Instagram.
Zuckerberg shared a clip on Instagram with his old Facebook profile photo with the caption, “I launched a thing twenty years ago.” Many incredible people joined us along the road, and we continued to build more fantastic things. The best is yet to come, so we’re not giving up.”
Facebook’s official Instagram account added, “Love you dad.”
Within a year after its launch in 2004, Facebook had added one million users, and within four years, it had eclipsed its rival MySpace.
By 2012, Facebook had amassed over a billion monthly users. Furthermore, it stated that by the end of 2023, there will be 2.11 billion daily users.
Facebook, Instagram, Messenger, WhatsApp, and other members of the Meta app family now have 3.19 billion daily users, up from 3.14 billion in the fourth quarter.
3.98 billion Family monthly active individuals as of December 31, 2023, a six percent increase from the previous year.
CEO Mark Zuckerberg of Meta is now the fifth richest person in the world as a result of a surge in the company’s share price.
Facebook’s parent business, Meta, is now a huge advertising company.
In the last quarter of 2023, Meta reported over $40 billion in revenue and nearly $14 billion in profit. This information was made public last Monday.
However, Facebook was forced to pay fines totaling billions of dollars for using illicit data harvesting techniques.
Facebook paid $725 million to resolve lawsuits resulting from a massive data breach in the Cambridge Analytica incident of 2014.
Additionally, Facebook was fined 265 million euros in 2022 for allowing user data to be extracted from the platform.
The social network was fined a record 1.2 billion euros by the Irish Data Protection Commission last year for transferring user data from Europe outside of its legal purview.
Facebook is currently appealing the penalty.
Instagram Threads now has 130 million monthly active users, which is 30 million more than it had in the prior quarter.
During the fourth-quarter earnings call, Zuckerberg said that Threads is “growing steadily”.
Threads broke the previous record when it achieved 100 million registered users in the first five days of its launch in July of last year. However, interest in time faded. Facebook turned 20 years old in 2004 when Mark Zuckerberg first introduced it. It has become into the most well-known and reputable social networking site in that time. Additionally, Zuckerberg shared on Instagram a few photos from his early Facebook days.
In an Instagram video, Zuckerberg posted a picture of his old Facebook profile along with the words, “I launched a thing twenty years ago.” Along the way, we were joined by many amazing people, and we kept creating more amazing things. We’re not giving up because the greatest is yet to come.”
The official Instagram account of Facebook also posted, “Love you, dad.”
Within a year after its launch in 2004, Facebook had added one million users, and within four years, it had eclipsed its rival MySpace.
By 2012, Facebook had amassed over a billion monthly users. Furthermore, it stated that by the end of 2023, there will be 2.11 billion daily users.
Facebook, Instagram, Messenger, WhatsApp, and other members of the Meta app family now have 3.19 billion daily users, up from 3.14 billion in the fourth quarter.
3.98 billion Family monthly active individuals as of December 31, 2023, a six percent increase from the previous year.
CEO Mark Zuckerberg of Meta is now the fifth richest person in the world as a result of a surge in the company’s share price.
Facebook’s parent business, Meta, is now a huge advertising company.
In the last quarter of 2023, Meta reported over $40 billion in revenue and nearly $14 billion in profit. This information was made public last Monday.
However, Facebook was forced to pay fines totaling billions of dollars for using illicit data harvesting techniques.
Facebook paid $725 million to resolve lawsuits resulting from a massive data breach in the Cambridge Analytica incident of 2014.
Additionally, Facebook was fined 265 million euros in 2022 for allowing user data to be extracted from the platform.
The social network was fined a record 1.2 billion euros by the Irish Data Protection Commission last year for transferring user data from Europe outside of its legal purview.
Facebook is currently appealing the penalty.
Instagram Threads now has 130 million monthly active users, which is 30 million more than it had in the prior quarter.
During the fourth-quarter earnings call, Zuckerberg said that Threads is “growing steadily”.
Threads broke the previous record when it achieved 100 million registered users in the first five days of its launch in July of last year. However, interest in time faded.
Conclusion
Since its first launch in 2004, Facebook has grown significantly. Mark Zuckerberg, the CEO, has emphasized the growth and popularity of the platform by sharing his early Instagram recollections. For the final quarter of 2023, Meta, the parent corporation of Facebook, announced sales of nearly $40 billion and profit of almost $14 billion. But because of its careless data gathering methods, the corporation has been hit with fines totaling billions of dollars. The Irish Data Protection Commission fined the company a record 1.2 billion euros last year, in addition to the Cambridge Analytica scandal from 2014. Zuckerberg announced that Instagram’s Threads has 130 million active monthly users and is “growing steadily.”
